oppn parties Deals That Suit The Maharajah

News Snippets

  • Delhi chief minister Arvind Kejriwal, referring to a spate of FIRs for putting up posters in Delhi which said "Modi Hatao, Desh Bachao", said that even the British did not act in such manner
  • The 2023-24 Appropriation BIll, which allows the government to spend Rs 45 lakh crore in the fiscal, was passed by Lok Sabha in 9 minutes without any discussion
  • Sources say that Amritpal Singh fled to Haryana and may now be in Uttarakhand
  • Experts say that Rahul Gandhi's disqualification from Parliament will kick in immediately as the conviction has not been stayed
  • Tatas to invest $2bn in super app Tata Neu
  • Chief Economic Advisor V Anantha Nageswaran has said that inflation will drop as commodity and food prices have fallen
  • Government will define quality norms to ensure better 5G service
  • Stocks tumble again on Thursday after two sessions of recovery: Sensex loses 289 points to 57925 and Nifty goes down by 75 points to 17076
  • Amicus curiae and senior advocate K V Vishwanathan has told the Supreme Court that the changes made in law and three extensions given to the present director of Enforcement Directorate are illegal and will imperil the integrity of the agency
  • Supreme Court says it cannot judicially direct the government to acquire land or buildings near the court for advocates' chambers
  • ISSF Cup shooting: Indian pair of Rhythm Sangwan and Varun Tomar win silver in 10m sir rifle mixed team event
  • WPL: UP Warriorz take on Mumbai Indians in the Eliminator today. The winner will play Delhi Capitals in the finals
  • World Boxing: Four Indians - Nikhat Zareen, Nitu Ghanghas, Lovelina Borgohain and Saweety Boora - enter the frinals in their respective category
  • Bombay HC imposes costs and dismisses a petition by a housing society that sought to have a community-wise cap on residents
  • Delhi Police files 159 FIRs for defacement of public property and 49 for posters saying 'Modi Hatao Desh Bachao'
Rahul Gandhi disqualified from Parliament, Wayanad Lok Sabha seat declared vacant
oppn parties
Deals That Suit The Maharajah

By Linus Garg
First publised on 2023-02-16 07:29:50

About the Author

Sunil Garodia Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.

Air India has placed an order for a whopping 470 narrow-bodied and wide-bodied aircrafts from Airbus of France and Boeing of the US, the two frontline aircraft manufacturers in the world. The order is worth $85bn (with a built-in clause to increase its size) and is the largest such order, surpassing the deal which American Airlines had inked in 2011. With aircrafts slated to start arriving from end of 2023, Air India is poised to increase its aged fleet (115 aircrafts now) and become competitive. It will strongly challenge Indigo's position as the market leader in the next couple of years.

With the Indian aviation sector having shaken off the Covid blues and poised to grow handsomely (it grew 13.7% Y-o-Y in December 2023), and with the government's focus on developing infrastructure (India now has 147 airports, up from just 74 in 2015 and the government has already announced that many more will be built soon), the demand for air travel will grow exponentially and the requirement for aircrafts will continue to grow. Boeing has predicted that India will need more than 2000 aircrafts in the next 20 years.

It is against this backdrop that the jubilation in both the US and France must be seen. President Joe Biden has called the deal "historic" while the French President Emmanuel Macron termed it a "new success". Both these countries will benefit immensely from this deal. President Biden said it will support more than 1 million jobs in 44 states in the US. In these troubled economic times for the West, this is a huge thing.

India's growing economic clout (where it can place orders for such staggering amounts) must now be used by the government and companies to negotiate better deals, in terms of pricing, transfer of technology and Make in India. That would be the biggest benefit India and Indian companies can extract from such deals.